USAFLPanama CityBunkers Cove401 & 405 Massalina Dr

401 & 405 Massalina Dr, Panama City, FL

Name: 401 & 405 Massalina Dr, For Sale in Panama City - Zoocasa
Brand: Keller Williams Realty Emerald
SKU: 792227
Price: 1700000 USD

House

For Sale

Listed price in listed location currency (USD).

$1,700,000

1080

MLS® 792227

Key Facts
Description
Map

Key Facts

Type Single Family Residence

Levels Residential

Size -

Garage No

Taxes

Days Active 0

Lot Size 0.2800000011920929 Acres

Approx. Age 2025

MLS® Number 792227

Property Address: 401 & 405 Massalina Dr, Panama City, FL, 32401-3729

Average square foot calculated using Size range provided by listing agent.

Description

ATTENTION!! 3 SEPARATE STRUCTURES, 2 SEPARATE PARCELS, 1 AWESOME PRICE!! Zoned for short term and long term rental. Waterfront on Massalina Bayou! Main House: Amazing 3-bedroom 2-bath with den/office *new construction*. Gorgeous views from covered porches on both floors. First floor has open kitchen with Forno Italian stainless appliances, large Island, gas stove, double door refrigerator w/ice maker and wine cooler. Living/dining walk out large sliding doors to covered porch, outdoor Thor stainless summer kitchen and pool/bayou views. Master bedroom and master bath with large custom shower, double vanity sink and walk in closet. Second floor open family room, den/office, large sliding doors to walk to walk out to covered porch overlooking pool/bayou. Two additional bedrooms and one bath. So much to offer with beautifully designed tile flooring throughout, tankless water heater and extra storage. 401 Massalina Drive is under a lease for 5 months with potential for 2 month extension. $3600 per month and includes utilities and pool service. 405 Massalina Drive: Carriage House plus Quadplex/Fourplex: $7100 per month or $85, 200 per year in rental income from the carriage house and quadplex/fourplex. Perfect for a DSCR loan where your rental income pays for your mortgage, plus you get a dock and a place to park your boat on deep water. This is the most versatile quadplex/fourplex plus carriage house (comes fully furnished) in Panama City. Here is the rental income breakdown: Carriage house = $1750 per month; Apartment 1 (Civil Contractor) = $1450 per month; Apartment 2 (Realtor) = $1450 per month; Apartment 3 (Property Maintenance Man) = $1, 000 per month (reduced because he takes care of the lawn and pool - you could charge $1450); Apartment 4 (Josh) = $1450 per month; Total income = $7100 per month or $85, 200 per year. New custom landscaping and pool to relax and enjoy. Beautiful decking, shared dock with fish cleaning station. Location is easy to access to newly renovated downtown entertainment with shopping, dining, concerts and ongoing festivities.

MLS® Number792227

Laundry Level

Central VacNo

FireplaceNo

Acreage0.28

Exterior

GarageNo

Approx. Age2025

Basement

Driveway

Garage Spaces

HeatElectric

A/CCentral Air, Ceiling Fans

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Jul 5, 2026List Date

$1,700,000List Price

Commute

Commute

Starting Address

Destination Address

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